Definition:
A compliance framework is a structured set of policies, procedures, and controls designed to ensure an organization adheres to regulatory and legal requirements.

Contextual Explanation:
Financial institutions and fintech firms must establish robust compliance frameworks to meet international and local regulatory standards. Paycompliance assists in developing and maintaining effective compliance programs.

Why It Matters:
A well-defined compliance framework reduces legal risks, enhances operational efficiency, and ensures regulatory readiness.